South Korea: Regionalism, Multilateralism and Free Trade
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The paper explores the areas of regionalism and multilateralism as they pertain to South Korea, examining the various alliances, trade agreements and unions that will define the nation on the national and regional scope in the coming years. The paper shows how South Korea has favored a regionalism that in all likelihood will prefigure its submission to the various multilateral trade agreement which seem to fit practically and philosophically with its existing approach to globalization.
From the Paper:"Today, it is easy to detect both dramatic shortcomings and promising indicators in South Korea's present engagement of its region. With respect to its region, South Korea's present circumstances are both unique and precarious. As a neighbor to the secretive, isolated and embattled 'rogue state' to the north and, simultaneously, as a long-occupied ally of the imperial impulses of the United States, South Korea's record on political affiliation is mixed but rife with potential for improvement. Its relationship with the United States will be addressed more extensively as we come to speak more on the subject of its multilateralism.
"Within its region though, Korea must weather a fair amount of obstacles in order to establish successful diplomatic relations with Japan and China, both of whom are partners but with whom South Korea has had and current has areas of conflict. Nonetheless, the establishment of ASEAN+3, which marks Japan, China and South Korea as equal partners in an alliance with the countries of Southeast Asia, indicates an overarching tendency toward the strengthening of regionalist ideals. Quite to the point, the member states of ASEAN+3 are currently engaged in the process of exploring the feasibility of a single continental form of currency for Asia that would be the equivalent of the Euro in the EU. Naturally, it becomes clear under such conceptions that South Korea views much benefit in such a move toward more definitive regional economic alliance, as it would further force the hand of North Korea toward the intensification of isolation or the concession to openness and participation in the world community. South Korea's commitment to these ideals is reinforced by its economic record within the region. As of 2004, South Korea was "ASEAN's 5th largest trading partner and vice-versa in which ASEAN exports $17.1 billion to Korea in 2003 and ASEAN imports $15.1 billion from Korea." (Magkilat, 1)"
Sample of Sources Used:
- Achin, K. (2008). South Korea to Push for North Korean Human Rights Progress. VOA News, 6.
- Amnesty International. (2008). South Korea: Policing the Candlelight Protests in South Korea. Amnesty.org.
- Amnesty International1. (2005). North Korea: Briefing on Present Situation. Amnesty.org.
- Asian Human Rights Commission (AHRC). (2008). South Korea: New laws proposed to restrict freedom of assembly and opinion. Human Rights Education Associates. Online at http://www.hrea.org/index.php?base_id=2&language_id=1&headline_id=8241
- Associated Press (AP). (2008). South Koreans Hold Candlelight Vigil Protesting Beef Import Deal With U.S. Fox News.
Cite this Analytical Essay:
South Korea: Regionalism, Multilateralism and Free Trade (2011, November 20) Retrieved July 03, 2022, from https://www.academon.com/analytical-essay/south-korea-regionalism-multilateralism-and-free-trade-149033/
"South Korea: Regionalism, Multilateralism and Free Trade" 20 November 2011. Web. 03 July. 2022. <https://www.academon.com/analytical-essay/south-korea-regionalism-multilateralism-and-free-trade-149033/>